Italy reshapes national cloud company as Leonardo, Poste target control, sources say

Leonardo plans to raise its ownership in Italy’s cloud-services operator for the public sector by buying an additional 10% from state-owned IT firm Sogei, according to Reuters sources. The move signals consolidation/control gains in a strategic government IT platform rather than an immediate financial upset. Likely to be a modest positive for Leonardo given expanded exposure to public cloud services, though deal terms were not disclosed.

Analysis

Leonardo plans to raise its ownership in Italy’s cloud-services operator for the public sector by buying an additional 10% from state-owned IT firm Sogei, according to Reuters sources. The move signals consolidation/control gains in a strategic government IT platform rather than an immediate financial upset. Likely to be a modest positive for Leonardo given expanded exposure to public cloud services, though deal terms were not disclosed.